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CORRECTED-Higher renewable energy generation to cut coal reliance this summer, says EIA

Reuters
Updated ·1 min read

(Corrects to say forecast is for a 15% drop in coal-powered output, not demand, in paragraph 1)

June 8 (Reuters) - The Energy Information Administration (EIA) expects the largest increases in the U.S. electricity generation this summer to come from renewable energy sources and natural gas, contributing to a 15% reduction in coal-powered output from the previous year.

Power generation through natural gas, which remains the primary source in the electric power sector, is expected to grow 3% this summer (June to August), helped by additional capacity and favorable fuel costs, the EIA said on Thursday.

Wind-powered generation will be 7% higher than last summer. Solar, for which most of the new installed capacity was concentrated in Texas and California in recent months, will see a 24% jump.

Battery storage capacity, which helps to provide power when solar and wind resources are low, surged nearly 90% in the last 12 months, the EIA said. (Reporting by Arshreet Singh in Bengaluru; Editing by Shilpi Majumdar)